Despite the market went through a correction mode, share prices of United Power, HR Textile, Shepherd Industries and Regent Textile were soaring without any price sensitive information (PSI).
The share price of United Power Generation & Distribution Company jumped 34 per cent or Tk 57 each in a month and closed at Tk 222.10 each on Wednesday on the country's premier bourse.
The power generation company's share price was Tk 165.50 a month ago on April 10.
Following the recent abnormal price hike, the DSE served show-cause notice on the company on May 6. However, the company informed the DSE that there was no undisclosed PSI for recent unusual price hike of its shares.
The company's share price hovered between Tk 149.70 and Tk 223.90 in the past one year, hitting the highest price on Wednesday since listing with the Dhaka bourse in 2015.
Meanwhile, United Power's total market cap surpassed US$ 1.0 billion milestone for the first time on Tuesday and stood at Tk 85.43 billion on Wednesday.
Now, it is the sixth highest listed company in terms of market capitalisation on DSE after Grameenphone (Tk 617 billion), Square Pharmaceuticals (Tk 221 billion), BATBC (Tk 205 billion), BRAC Bank (Tk 89 billion) and ICB (Tk 86 billion) as of Wednesday.
United Power, which was listed on the DSE in 2015, disbursed 90 per cent cash dividend in 2017. In 2016, the company paid 125 per cent cash dividend.
The share price of HR Textile soared 36 per cent or Tk 12 each in the past seven trading sessions on the country's premier bourse. The company's share price was Tk 32.90 each on April 24 and jumped to Tk 44.80 on Monday, which prompted the DSE to serve show-cause notice on the company.
Even after show-cause notice, the company's share price surged further by 1.66 per cent to close at Tk 42.80 on Wednesday.
But, the company also informed the DSE Wednesday that there was no undisclosed PSI for the recent unusual price hike of its shares.
The HR Textile, which was listed on the Dhaka bourse in 1997, disbursed 10 per cent cash dividend for the year ended on June 2017.
The company's paid-up capital is Tk 253 million and authorised capital is Tk 1.0 billion, while the total number of securities is 25.30 million.
The sponsor-directors own 51.04 per cent stake in the company while institutional investors own 11.61 per cent and general public 37.35 per cent as on March 31, 2018.
The share prices of Shepherd Industries also soared more than 30 per cent in the past eight trading days to reach at Tk 31.10 on Wednesday as the company's share price soared further by 5.42 per cent on Wednesday on the country's premier bourse.
Following the abnormal price hike, the DSE served show-cause notice on the company. However, the company informed the DSE Wednesday that there was no undisclosed PSI for recent unusual price hike of its shares.
Regent Textile's share prices also jumped 23 per cent in the past six consecutive sessions to reach at Tk 18.40 on Wednesday on the country's major bourse.
Following the abnormal price hike, the DSE also served show-cause notice on the company. However, the company informed the DSE Wednesday that there was no undisclosed PSI for recent unusual price hike of its shares.
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